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Model Risk Manager Salary in Virginia

How much does a Model Risk Manager make in Virginia? The salary range for a Model Risk Manager job is from $110,336 to $137,932 per year in Virginia. Click on the filter to check out Model Risk Manager job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$124,250
Per Year
The average salary for a Model Risk Manager is $124,250
per Year in Virginia.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$110,336
$124,250
Medium
$137,932

Highest Paying Cities for Model Risk Manager in Virginia

Here are the top eight that pay the highest Model Risk Manager salary in VA. Due to the cost of living in different locations, the Model Risk Manager salary will also be different. Arlington with the highest wage for the Model Risk Manager in Virginia has a high living wage too. Explore more salary information by clicking the city name.

States with Higher Salaries for Model Risk Manager

Model Risk Manager works in Virginia will receive the highest salary in the United States, followed by California, New Jersey. These states have more job opportunities than other places. At the same time, the competition will be fiercer too. People need to improve their competitiveness to get a job in these cities.

How Much Do Similar Professions Get Paid in Virginia?

The Model Risk Manager jobs have a lot of different directions. And, the job title can also be quite different from in diverse companies. Some job titles may not include the Model Risk Manager, while they have the Model Risk Manager responsibilities. So, here are some similar jobs and their salaries. Click the link which you are interested in to explore more data.
Model Risk Analyst
Average salary
United States
$100,599
per Year
Model Risk Officer
Average salary
United States
$103,993
per Year
Model Risk Management
Average salary
United States
$126,182
per Year
Model Manager
Average salary
United States
$96,153
per Year
Model Validation Manager
Average salary
United States
$99,501
per Year
Senior Model Builder
Average salary
United States
$85,600
per Year

How Much Should You Be Earning?

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What Does a Model Risk Manager Do?

The emphasis shifts from a technical model review to a risk manager’s view that assesses the risks beyond model methodology.

December 20, 2021

Alongside the reduction of model risk and management of its impact, MRM is also capable of reducing some P&L unpredictability.

December 16, 2021

In accordance with best practices, approximately half the surveyed banks have integrated model risk within their risk-appetite statement, either as a separate element or within nonfinancial risks.

December 13, 2021

Canada is expected to introduce MRM guidelines soon, so Canadian institutions need to start strengthening their model risk management practices or be prepared to face regulatory issues down the road.

December 12, 2021

Banks were losing a lot of money because of their use of wildly simple copula models in estimating the risk on mortgage portfolios.

December 11, 2021

Most Common Benefits for Model Risk Manager

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for a Model Risk Manager
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The emphasis shifts from a technical model review to a risk manager’s view that assesses the risks beyond model methodology.
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Check the below career pages for detailed pay ranges for similar professions to Model Risk Manager:
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Merrifield pays the highest Model Risk Manager wage. Get personal salary report to explore more salary information in different cities.
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The Model Risk Manager salary range is $110,336 to $137,932 in VA.
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